{"id":4180,"date":"2021-08-01T20:22:00","date_gmt":"2021-08-01T20:22:00","guid":{"rendered":"https:\/\/alcafricanradio.com\/?p=4180"},"modified":"2021-08-01T20:22:00","modified_gmt":"2021-08-01T20:22:00","slug":"global-education-summit-raises-4bn","status":"publish","type":"post","link":"https:\/\/alcafricanradio.com\/index.php\/2021\/08\/01\/global-education-summit-raises-4bn\/","title":{"rendered":"Global Education Summit raises $4bn"},"content":{"rendered":"\n

August 1, 2021<\/strong><\/p>\n\n\n\n

\"\"<\/a>
A class in Jigawa\u00a0State, Nigeria: the GPE aims to drive up girls’ enrolment in school<\/strong>
IMAGE:GPE\/Kelley Lynch<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

THE Global Education Summit has raised $4 billion in pledges from donors for the Global Partnership for Education (GPE), which will assist some 175 million children to learn and help get 88 million more girls and boys in school by 2025 in 87 low- and middle-income countries, of which 35 are in Africa.<\/p>\n\n\n\n

Delegates at the London summit, which was also held virtually on July 28 and 29, were confident that the record commitments had put the GPE firmly on the path to raising at least $5 billion over the next five years.<\/p>\n\n\n\n

Co-hosted by British Prime Minister Boris Johnson and Kenyan President Uhuru Kenyatta,<\/p>\n\n\n\n

the hybrid event brought together leaders from governments, businesses, private foundations and development banks to commit funding and support to children\u2019s education in the world\u2019s lowest-income countries. <\/p>\n\n\n\n

Donor pledges secured at the Summit built on the commitment to girls\u2019 education announced in June by the Group of Seven (G7) leaders who pledged at least $2.7 billion to the GPE and called on other donors to step up and fully fund the GPE\u2019s ambitious new five-year plan.<\/p>\n\n\n\n

\u201cThe funds raised at [the] Summit will transform the lives of millions of children around the world,\u201d Johnson said.<\/p>\n\n\n\n

\u201cThe UK was proud to contribute \u00a3430 million to the Global Partnership for Education and it is fantastic to see others step up and contribute to the goal of ensuring a quality education for every child.\u201d<\/p>\n\n\n\n

He added: \u201cEducation is the closest thing we have to a silver bullet to solve a myriad of problems, from gender inequality to climate change, and is one\u202fof the surest ways for our countries\u2019 economies to rebound.\u202f<\/p>\n\n\n\n

\u201cEnsuring that all children \u2013 and especially girls \u2013 can get the education they deserve is the smartest investment we can make to ensure we build back better from the pandemic.\u201d<\/p>\n\n\n\n

In addition to the $4 billion pledged from donors, 19 heads of state and government committed to spending at least 20 per cent of national budgets on education, rallying behind a political declaration on education financing led by Kenyatta.<\/p>\n\n\n\n

Over the next five years, the countries endorsing this statement are committing up to $196 billion in education financing.<\/p>\n\n\n\n

These commitments are a crucial shield against learning losses resulting from the economic impact of COVID-19, according to the GPE.<\/p>\n\n\n\n

Kenyatta called on leaders to endorse the domestic financing statement and to commit at least 20 per cent of your domestic budgets to education, adding: \u201cThis will ensure that we keep our promises to our children to secure their future through quality and inclusive education.\u201d<\/p>\n\n\n\n

The Summit saw an unprecedented number of pledges from businesses, private foundations and development banks, who along with a range of partners have mobilised more than $1 billion towards innovative financing instruments that provide catalytic capital to partner countries alongside investments from the GPE. <\/p>\n\n\n\n

The business community and private foundations collectively announced over $100 million at the Summit.<\/p>\n\n\n\n

Business partners launched two major new public-private partnerships, to use social marketing expertise to drive up girls\u2019 enrolment in school and to strengthen data systems to drive evidence-based improvements in education systems.<\/p>\n\n\n\n

These in-kind commitments are valued at more than $6 million.<\/p>\n\n\n\n

\u201cThe Global Education Summit has helped put education at the top of the international agenda and highlighted its role in accelerating the fight to end poverty, prevent climate change and improve health outcomes,\u201d said Julia Gillard, GPE Board Chair and former Prime Minister of Australia.<\/p>\n\n\n\n

\u201cThe Summit is an important success for millions of children and young people around the world whose education has been upended by the pandemic, and a critical step to ensuring that education is at the heart of our response and recovery.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

August 1, 2021 THE Global Education Summit has raised $4 billion in pledges from donors for the Global Partnership for Education (GPE), which will assist some 175 million children to learn and help get 88 million more girls and boys in school by 2025 in 87 low- and middle-income countries, of which 35 are in […]<\/p>\n","protected":false},"author":3,"featured_media":4182,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,67],"tags":[],"class_list":["post-4180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alc-news","category-opinion"],"yoast_head":"\nGlobal Education Summit raises $4bn - ALC Pan-African Radio<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alcafricanradio.com\/index.php\/2021\/08\/01\/global-education-summit-raises-4bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Education Summit raises $4bn - 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